M&A Deal Summary

Pediatrix Acquires Elevate Patient Financial Solutions

On August 18, 2014, Pediatrix acquired information technology company Elevate Patient Financial Solutions from Baird Capital

Acquisition Highlights
  • This is Pediatrix’s 1st transaction in the Information Technology sector.
  • This is Pediatrix’s 40th transaction in the United States.
  • This is Pediatrix’s 10th transaction in Texas.
Investment Fate
  • Elevate Patient Financial Solutions was divested to a consortium of buyers in 2019.
  • Elevate Patient Financial Solutions was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2014-08-18
Target Elevate Patient Financial Solutions
Sector Information Technology
Buyer(s) Pediatrix
Sellers(s) Baird Capital
Deal Type Add-on Acquisition
Advisor(s) Triple Tree (Financial)

Target

Elevate Patient Financial Solutions

Spring, Texas, United States
Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.

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Buyer(S) 1

Buyer

Pediatrix

Sunrise, Florida, United States

Category Company
Founded 1979
Sector Healthcare Services
Employees4,120
Revenue 2.0B USD (2024)
DESCRIPTION
Pediatrix's corporate headquarters in Sunrise, Florida.
Pediatrix's corporate headquarters in Sunrise, Florida.

Pediatrix is a medical group that comprises the nation's providers of neonatal, anesthesia, maternal-fetal and pediatric medical and surgical subspecialty services. Pediatrix is reshaping the delivery of care within its specialties and subspecialties using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix was founded in 1979 and is based in Sunrise, Florida.


DEAL STATS #
Overall 40 of 81
Sector: Information Technology M&A 1 of 3
Type: Add-on Acquisition M&A Deals 40 of 81
State: Texas M&A 10 of 15
Country: United States M&A 40 of 81
Year: 2014 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Associated Anesthesiologists of Joliet S.C

Joliet,, Illinois, United States

Associated Anesthesiologists of Joliet was established in 1971 and later formed three related entities that together provide anesthesia services across a wide spectrum of subspecialty areas including general surgery, cardiac, neurosurgery (including spine), orthopedic, obstetrics and acute and chronic pain management at 12 locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 Houston Perinatal Associates P.A.

Houston, Texas, United States

Houston Perinatal Associates consists of four physicians and 30 other clinical and administrative staff who provide comprehensive high-risk maternal-fetal medicine services at The Woman’s Hospital of Texas and 10 satellite perinatal clinics.

Buy -

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 28 of 53
Sector: Information Technology M&A 3 of 5
Type: Add-on Acquisition M&A Deals 19 of 33
State: Texas M&A 2 of 3
Country: United States M&A 28 of 47
Year: 2014 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Frontage Laboratories

Exton, Pennsylvania, United States

Frontage is a US - China contract research organization that provides research services to facilitate pharmaceutical discovery, development and commercialization for large and emerging pharmaceutical and biotechnology companies. The Company has facilities in Pennsylvania (Malvern and Exton) and in China (Shanghai).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Ellman International

Oceanside, New York, United States

Ellman International is a privately-held manufacturer of surgical devices used to perform medical, dental and veterinary procedures in the United States, Europe and Asia.

Sell $13M